Banking & Insurance
BSP welcomes passage of anti-financial account scamming law
The Bangko Sentral ng Pilipinas (BSP) welcomes the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) that aims to combat financial cybercrimes, safeguard the interests of financial consumers, and uphold the integrity of the financial system.
UnionDigital names Danilo Mojica as new president, CEO
UnionDigital, one of the six Bangko Sentral ng Pilinas-licensed digital banks in the country, said Tuesday long-time business executive Danilo “Bong” Mojica will take over on 1 August as president and chief executive officer of the digital banking unit of Union Bank of the Philippines.
BTr awards full P30 billion offered at bond auction, opens tap window
The Bureau of the Treasury fully awarded the P30 billion it offered at the auction Tuesday for treasury bonds due January 2034.
T-bill yields up slightly at Monday’s auction; market awaits interest rate cues
Treasury bill yields inched up at the auction Monday as the market waits for clearer signal from the Bangko Sentral ng Pilipinas on monetary policy easing.
BSP warns of fraudulent social media content
The Bangko Sentral ng Pilipinas (BSP) warns the public to be more vigilant against scams because the use of artificial intelligence (AI) to create or manipulate fake videos and audios make them appear more believable.
